Federal energy regulators largely upheld a controversial December ruling that critics say favors fossil fuel generators over carbon free sources in the biggest U.S. power market.
- FERC Chairman Neil Chatterjee said the commission would agree to clarify some parts of the changes
orderedto PJM capacity market
- New Jersey, Illinois, Maryland criticized the order, which they say will make it more difficult to meet carbon reduction goals
- “Today’s order makes clear that the commission continues to find that a broad MOPR, with certain limited exceptions, is an effective way to address the price distortions caused by state subsidy,” Chatterjee said...